Moscow. July 7. INTERFAX.RU – U.S. stock indexes fell on Thursday, the fastest pace since may amid rising yields of US Treasuries and keeping the price of WTI below $46 per barrel. Investors concerned about the expected tightening of monetary policy around the world, primarily in the US and the Eurozone. In addition, the market reacted negatively to weak data on employment in the United States. The Nasdaq has dropped at a faster pace as the rally in high-tech sector has again been stalled, reports CNBC.
The number of jobs in the U.S. increased in June at 158 thousand, according to the industry organisation ADP. Experts wall street on average had expected a rise to 180 thousand Increase for may was revised from 253 thousand to 230 thousand the Number of Americans who first applied for unemployment benefits last week increased by 4 thousand and $ 248 thousand the Figure was in line with the average market forecast. He has been growing for three consecutive weeks.
The official data of the Ministry of labor on unemployment in the US will be published on Friday at 15:30 GMT. According to the average forecasts of analysts polled by Dow Jones, the number of jobs in the United States has increased by 174 thousand in June after increasing by 138 million in may, and the unemployment rate remained unchanged at 4.3%.
Meanwhile, the trade deficit in the U.S. narrowed in may by 2.3% to $46,5 billion. Analysts on average were expecting a decrease increased to $46.3 billion, But the deficit in trade with Mexico increased in may to a record high since October 2007, $7.3 billion, and with China to $31.6 billion from $27.6 billion.
Against the background of rising yields of US Treasuries shares of telephone operators fell by 2.3%, demonstrating the most significant decline since January, the paper of realtors the average lost 1.9%.
Shares Of General Electric Co. fell by 3.8% in trading in new York after the European Commission accused the company that it has introduced regulators misled the audit of its transactions from LM Wind Power for us $1.65 billion.
The price of Tesla securities Inc. failed on 5,6%, since the Model S electric car has not received the highest rating for safety the Insurance Institute for road safety (IIHS). The last two sessions, Tesla has lost more than $7 billion of market capitalization, in the course of trading on Thursday, she briefly moved to “bear” trend – falling from the peak recorded on June 23 was more than 20%.
The market value of L Brands Inc., which includes Victoria’s Secret, fell by 14.1%. Sale of group of companies decreased by 6% in June.
The American QVC teleshopping and Home Shopping Network (HSN), a long time rival in the struggle for consumers ‘ attention, on Thursday announced a merger worth $2.1 billion shares of HSN surged by 26.8%, the rate of securities of Liberty Interactive Corp. billionaire John Malone, the controlling QVC, fell by 1.2%.
The Dow Jones Industrial Average following the results of session on 6 July fell on 158,13 points (0.74 percent) and amounted to 21320,04 points. Standard & Poor’s 500 down 22.79 points (0,94%) – to 2409,75 points. The Nasdaq Composite lost 61,39 points (to 1.00%) and amounted to 6089,46 points.